April 23, 1898.]
PROFIT AND Loss AccoUNT. Dr.
To special charges in connection with the reconstruction and realization of asseta taken over from the liquidator of the old Pank, office rent, &o
To law.charges
To rates and taxes
To deposit interest
To furniture--amount written off
To provision for further depreciation of silver assets, after deducting surplus on assets realised during the year
To balance credited to deficiency account.
Cr.
By gross profits..
By provision for loss on calls recovered and
shares surrendered
Dr.
£
8. d.
955 06 1,212 1 8 67 18 4 12,092 0 0 100 9 1
8,689 8 3 2,740 18 7
£25,857 10 9
£ 8 d. 18,130 5 7
7,677 5 2
£25,857 10 9
NEW WORKING ACCOUNT. BALANCE SHEET AT 31ST DECEMBER, 1897.
LIABILITIES
To working capital as per general balance
sheet
To fixed deposits and current accounts
To loans payable
To other liabilities
To Creditors' Committee —–—–
Realised assets in transit
Balance of profit and loss
transferred
£9,101 4 4
2,763 0.8
£ a. d.
100,000 0 0 63,239 17 1 19,431 5 1 194,394 18
11,864 5 0
£388,930
CHINA OVERLAND TRADE REPORT.
381
bottom. South drive total 100 feet, reef 5 feet; ore in both of average grade; reef in stopes above this level from 5 to 7 feet wide and look-
paratory to fixing our large pump, as this pump will keep the mine partially dry when doing so.
Winze below 200 ft. Level. We have not made much progress at this point, 14 feet having better than of late. 150 level north drive ing been sank, making the total depth below the driven a total of 143 feet; reef 2 feet wide but 200 feet Level 36 feet. When making the increasing in bottom of drive; drive south ex- necessary alterations to pump this point was tended to 57 feet; reef 5 feet wide, showing fair flooded,
gold.
The stone
The lode is now more vertical than when last reported and is now quite 6ft, wide and is ex- tending South. This is quite a new feature; it appears to be a new, make of stone extending south and we shall test this later on. carries more mineral and looks more promising. 150 ft. Level.-The leader bere is still about one foot wide and gives a little stone for milling; we milled about 30 tons from this point during the month. In stoping up this will connect with our 110 ft. level.
Prospecting. We have found a leader in old Chinese workings about 1,300 feet to the west of August Shaft; it is about one foot wide and gold can be seen in the stone. There is very little of it remaining, the Chinese having taken most of it away to water level. We have commenced a shaft to test its value, but I am afraid that we shall not be able to go very deep for water, but if its prospects warrant it we will fix pump and so extend our operations west. It is ou the line of our East and West lode,
The total drivage for the month was 157 ft. Milling was carried on for 29 days crushing 30 tons from the mine and 2.370 tons of head- 5.3ings for a yield of 256 ozs. of smelted gold.
To liability on bills receivable re-discounted, £50,058 148. 6d. of which up to this date £48,429 188 Od. have run off
Cr.
ABSETS,
By cash in hand and ut Bankers
By Government securities
By bills receivable and other assets in hand
and in transit
PROFIT AND LOSS ACCOUNT. Dr.
£ @, d 85,299 4 3 59,062 2 )
233,668 18 11
£388,930 5 3
£ 8. d.
To expenses of, management at head office and branches,including directors",auditors' and creditors' committee remuneration To deposit interest .
..
"
10,613 12 11 1,991 13 ( To balance transferred te creditors' committee 2,763 0 8
£15,368 6 7
£ 15,368 6 7
£15,368 6 7
Cr.
By gross profits.
Berdans treated 33 tons of old concentrates for a yield of 18 ozs. of gold.
The Cyanide Plant worked 27 days treating 376 tons of tailings for a yield of 200 ozs. of bullion valued at 15s. 93d. per oz..
Buildings.-The coolie lines are completed and are now occupied by our men.
General. Things coming under this head are having our best attention.
Labour is plentiful, and the health of the camp is good.
Rainfall, 6 in.
THE NEW BALMORAL GOLD MINING CO., LIMITI D.
The General Managers, Messrs. John D. Humphreys and Son, have received the follow- 9ding report from their mining manager by
steamer Chingtu :-
THE LUNJỤM MI ING COMPANY, LIMITED.
The Secretary of the Punjom Mining Co., Limited, advises us that he has received the
following report on the operations at the Company's mines during the month ending 31st March, 1898.
300ft. Level.-Good progress has been made with this, 54ft. having been driven, making the total distance from shaft 266ft. We have had various changes, crossing leaders and carrying stone with us in driving. We had a well defined piece of stone for 16ft. in length and 2ft. wide. We left the course of this as it is bearing to the
west of our Main North drive. Shall prospect on this later on after the pumps are fixed. The ground in the face of drive is very favourable..
All the surface rods and balance cranks have been renewed and strengthened. This was necessary for the additional 100ft of pumps.
East Drive No. 1-This was continued a further distance of 6ft. 6in., making the total distance from shaft (North Drive) lòft. 6in., the leader cutting quite ont by coming in contact with very hard ground, so we dis- continued this and continued North Drive,
East Drive No. 2.-We opened a drive on the leader referred to as having assayed 7 dwts. to the ton. This appears to be opening out as we extend the drive, but it has not improved iu value. Distance driven 10 ft.
North Shaft.-The foot-wall of the lode was struck at 49 feet below the 200 feet Level, that is, we have had quartz the past 13 feet in sink. ing; we struck quarts 38 feet below the 200 feet level. The stone is, however, of low grade and will not pay for milling. We have suspended operations here for the present so as to bring the pump down to the 300 feet level and to make the necessary alterations for further sinking and pre-
'
Mount Macdonald,.
25th March, 1898. I have the honour to report work done on the abore Company's Mine during the past fortnight as follows:-
Queen Mine.-Main shaft crosscut at 350 feet level; extended total 36 feet; drill hole put in beyond this 10 feet. There being no in- driving and resume the sinking of shaft as per dications of a change, it was decided to stop report of the 28th February. Sinking was resumed on the 18th inst. and fair progress is being made.
have been and some are still surface prospecting, Balmoral Mine-Several parties of local men
but so far without success. Contractors for re-erection of battery making fair progress and doing good work, but the job is much heavier than they anticipated, consequently they are likely to be behind contract time.
OLIVERS FREEHOLD MINES,
LIMITED.
The General Managers, Messrs. John D. Humphreys & Son, have received the following report from their mining manager by steamer Chingtu :
Mount Macdonald,
25th March, 1898.
I have the honour to report as follows- Eureka Mine. During the past fortnight a chamber has been cut on the east side of shaft. chamber sets put in, and the connection between these and the timber already in shaft wil! be completed to-morrow. This will complete the tmbering down to the 300 feet level. Driving north and south at the 300 ft. will be resumed on the 28th. As previously reported. the reef is from 7 to 8 feet wide and we bope to meet with good stone in the drives. 200 feet level, north | drive extended a total of 166 feet; reef in end
Reef in stopes above this level averages 3 feet in width; ore of average grade. The work of filling in the stopes is proceeding as required; winez to connect the 200 and 300 feet levels sunk; tetal 30 feet; reef 7 feet wide of fair grade.
Eureka B Shaft-Several private offers to sink this shaft on contract have been received but the prices are too high; will resume sinking by day labour,
CORRESPONDENCE.
¡We do not hold ourselves responsible for the opinions expressed by our correspondents.] SWATÓW AND THE PLAGUE.
Sanitary Board held on Thursday, 14th instant, Sir,In your report of the meeting of the
I see it is stated that "The Fresident thought some of the cases (ie., of plague) might have come overland from. Swatow to Kowloon, It was only 80 miles." This statement is mislead- ing. A glance at the map will show that the distance from Swatow to Kowloon overland is double 8 miles, and it is moreover an arduous land journey.
I have the authority of our local medical men for stating that plague is not epidemic in Swatow. Your obedient servant,
J. D. MONRO. Swatow, 16th April, 1898.
THE PLAGUE AND THE SANITARY BOARD.
<
"
TO THE EDITOR OF THE DAILY PRESS,'
SIE. Recent discussions at the Sanitary Board meetings appear to me to reveal its in- ability to grapple in a consistent manner with the difficulties attendant on a serious visition of the plague such as threatens the colony at the present moment, and the object of this com- munication is to endeavour to arouse public in. terest in the matter with a view to steps being taken to avoid a repetition of the blunders made in 1896.
There is in the official mind a tendency to treat this matter as one of an ordinary character, to apply to it the customary official methods, to attach undue importance to statistics and re- turns, and to ignore assistance or advice from any but official sources.
The welfare of the colony demands that we
The outbreak is too serions to be treated thus.
should rid ourselves of this curse, and do so, too, in such a manner that the cure will not be worse than the disease. The tearing down and forcible removal and segregation of "suspects," burning of the contents of infected houses, the
the proposed cremation of bodies found in the street, and above all the prevention of sick per- sons from leaving the colony,-these are not the ways that occur to the business mind as being the most prudent and the most effectual. Surely in dealing with ignorant people such as form the bulk of our population the right course - would be attract them to our side, encourage rather than drive, humour rather than frighten.
Ufficial methods have been tried and found wanting; they have succeeded in frightening the people; they have failed to prevent or eradi- cate the plague. Let us try other means.
Treat with the natives through channels of communication they understand, teach them by proclamation rather than policemen, obtain the advice and assistance of intelligent Chinamen whose interests are wrapped up in the welfare of the colony, who understand the common people and the effectual way of dealing with them. If they want hospitals with Chinese doctors let them have them. If they wish to leave the colony encourage them to go. If plague occurs in a house fumigate but don't destroy, and cease driving them like animals to the segregation depot.
By all means have house cleansing, but let it 4 feet wide, but opening out especially in the be constant throughout the year. Let the
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